GameStop Corp (NYSE:GME) is requesting the approval of its shareholders to significantly increase its authorized share capital to as many as 2.5 billion shares, up from about 450 million, according to a Securities and Exchange Commission filing released Thursday. The company said the proposal is intended to enhance financial flexibility for potential strategic transactions, including a possible acquisition of eBay, as well as other capital-raising or corporate initiatives that may arise in the future.

eBay may have shot down GameStop's $56 billion buyout offer this month, but the videogame retailer continues to show interest in the online auction platform.

GameStop has increased its stake in eBay to about 6.55%, ​the videogame retailer disclosed in ‌a filing on Tuesday, days after the e-commerce company rejected its $56 billion takeover ​bid.

GameStop is a lousy business, which CEO Cohen readily admits, but somehow he has made it work.

Wall Street's chat rooms can't stop talking about GameStop (NYSE:GME | GME Price Prediction) after Ryan Cohen's $56 billion offer for eBay (NASDAQ:EBAY) sent the meme crowd into another frenzy.

GameStop CEO Ryan ​Cohen on Wednesday told ‌eBay's board that the company should ​not reject his $56 ​billion takeover proposal and ⁠that the company's ​shareholders deserve a ​chance to evaluate it.

GameStop Corp. (NYSE:GME) CEO Ryan Cohen is making his clearest case yet for why he wants eBay Inc. (NASDAQ:EBAY), framing the proposed deal as a chance to transform one of the largest e-commerce platforms in the U.S. under an owner-operator model.

Felix Salmon called Ryan Cohen's bid for eBay largely posturing dressed up as M&A.

Deal or no deal, GameStop's recent bid to buy eBay is good news for the e-commerce company's stock.

GameStop (GME) shares fell about 2% on Tuesday after eBay (EBAY) turned down the video game retailer's unsolicited $56 billion takeover proposal.In a letter to